As Japanese manufacturers cut production to clear inventory, factory output for February saw a wider-than-expected fall, says Jesper Koll, managing director & head of Japanese Equity Research at JPMorgan Securities Japan.

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Bernie Lo and Susan Li co-anchor Squawk Box from CNBC's Hong Kong studio. Squawk Box, the marquee brand in business news, is where enlightening and engaging conversations about the top stories of the day take place. Get all your news and hear the views of top CEOs, influential asset managers and newsmakers. The programme also launches you into the Asia trading day, covering key market opens, including Tokyo, Hong Kong and Shanghai.